Company registration in Austria

LEGAL SPECIFICS AND TYPES OF BUSINESS ORGANISATION IN AUSTRIA

In Austria, many legal norms regulate the activities of business structures; it is essential to understand all the intricacies of legal restrictions in the country and maintain accounting records correctly. Austrian law offers the possibility to register several types of enterprises, which differ in how they are managed, the business objectives, and the taxation type. The most common types of business organizations in this country include:

• AG is a public limited company. Suitable for medium-sized and large businesses, a minimum of one director and two investors is required. The size of the minimum authorised capital is 70,000 euros, a quarter of this amount must be transferred into the account prior to registration.
• GmbH is a limited liability company. Suitable for all activities except politics, banking, and insurance. At least one director and one shareholder are required to open a GmbH, and the minimum authorised capital is 10,000 euros.
• OHG/OEG — an unlimited liability partnership. Two or more partners with equal rights are required to open. There is no fundamental difference between OHG and OEG.
• KG/KEG is a limited liability partnership. There must be at least one general partner with unlimited liability and one partner with limited liability. There are no requirements for the authosized capital.